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In the opening answers to the ECB Q&A, Draghi...>

ECB
ECB: In the opening answers to the ECB Q&A, Draghi covers:
- 3 triggers for further policy action, including: 1) Slowdown is more
protracted, 2) Risks (e.g. Trade risks) are more persistent, 3) Current
inflation muted.
- States the lowering of the deposit rate with forward guidance should operate
throughout yield curve, particularly through short- and medium-term. Secondly,
guidance is state-dependent rather than time-dependent.
- Wants to see inflation significantly increase from current realised and
projected figures.
- Chemistry of the meeting: Unanimous consensus that fiscal policy should become
main instrument.

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